This type of program allows a person to be able to live, work, study and stay in a country for a certain period of time. Most of the time that special permit varies between 1 and 4years. Its price is very affordable and does not offer as many benefits as the other programs.
Permanent residency programs
A permanent residency program also allows the applicant to live, study or work in that country. One of the most notable differences is that there is no time limit to stay in the country and after 7 years he can apply for a citizenship. The person also gets a passport with which he can travel freely to other countries as a resident of that nation.
We must also mention that if you first apply for a tempory residency, you’ll have to wait five years to be eligible to apply for permanent residency. The price is lower than a CBI program as the process to become a citizen takes longer.
A CBI program it’s the fastest way to get the citizenship of a country. The applicant obtains this vital document more quickly but must make a high investment in real estate or a government entity. Normally, the time for you to receive your second passport and second citizenship is between 3 and 9 months. We must mention that the benefits are much higher than the two previously described.